2011-2012 Legislators Guide to Michigan’s Insurance Issues

National Association of Insurance Commissioners (NAIC)


The National Association of Insurance Commissioners (NAIC) is the organization of insurance regulators from the 50 states, the District of Columbia and the five U.S. territories. The NAIC provides a forum for the development of uniform policy when it determines uniformity is appropriate.

State insurance regulators created the NAIC in 1871 as a forum to coordinate regulation of multistate insurers. Early on, it developed uniform financial reporting by insurance companies. Since then,

new regulatory concepts, new data collection technology and new fee-generating initiatives have transformed the NAIC into a large, powerful trade organization.

The NAIC meets quarterly and is attended by the commissioners, their staff, industry representatives and their trade associations. The NAIC is organized into subject-matter committees that develop formal policy positions, model laws, regulations and resolutions for publication to legislatures, regulators, the media and Congress. NAIC officers also regularly testify before Congress.

The NAIC maintains offices in Kansas City, New York and Washington D.C. It recently announced that its headquarters, formerly in Kansas City, would be transitioning to Washington D.C. The 2009 budget proposed revenues and expenses of $73.1 million and $70.7 million respectively, with projected revenue growth of 7.1 percent and projected expense growth of 6.3 percent.


The NAIC has been an important contributor to the success of state regulation. Although it has no authority to regulate or to enact public policy, it has become a quasi-regulator. Its revenues are generated through assessments to insurers and fee generating activities such as its Securities Valuation Office and its System for Electronic Rate and Form Filings to which insurers are required to pay fees. Due to the power it wields and the expenses it adds to the cost of insurance, its activities must be closely monitored by state legislators, NCOIL and the insurance industry.



  • NAIC
    2301 McGee Street
    Suite 800
    Kansas City, MO 64108-2662
    Main Phone: (816) 842-3600
    Media Relations: (816) 842-3600
  • NAIC
    444 North Capitol Street NW
    Suite 701
    Washington, DC 20001
    (202) 471-3990